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What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
What are three factors of production?
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
What are three factors of production and the two types of payments that appear in the free market circular flow model?
The three factors of production are capital, labor, and land. Two types of payments are from firms and households. These payments go to the goods and services markets.
What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
What are three factors of production?
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
What are 3 types of asexual production?
The three main types of Production are:Unit ProductionMass ProductionContinuous ProductionIn Commerce, our three main types of production are:Primary productionSecondary productionTertiary production
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What three types of primary industries are involved in the production of a pair of skates?
What three types of manufacturing industries are involved in the production of a pair of skates
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
There are three different types of work done in primary production . Name one of them?
One of the three different types of work done in primary production is "farming".
Which are the three basic factors of production?
Land, Labor, and Capital.
Who takes the three production factors and puts them together?
entrepreneur
What is the importance of factors of production?
three basic thing of production are money plan and hard work
